Are Brent crude oil prices set to cross $120 per barrel again? According to Goldman Sachs Group Brent crude prices could climb above $120 a barrel in the fourth quarter if disruptions in the Strait of Hormuz continue.

Brent crude tops $90 as US-Iran attacks rattle the Strait of Hormuz, stoking supply fears, inflation risks and questions over how high oil prices could go.

Goldman warns Brent oil may exceed $120 if Hormuz disruptions continue. WTI reaching $120 in July 2026 at 0.9% YES.

Global energy markets have been jolted this month — with Brent surging back above $91 a barrel